Qudos Entertainment, which is the world’s largest and longest established producer of Pantomimes, has instructed Colliers International to sell one of its assets, The Tanglewood Restaurant, in York.
The Leeds based licensed and leisure team of Colliers International has been instructed to sell the restaurant on Malton Road at a guide price of ‘offers around £750,000’.
Qdos Entertainment is a Scarborough and London based entertainment group which, amongst other things, operates ten theatres and concert halls throughout the UK.
The business employs more than 2,000 staff over 18 sites, which include 13 food and beverage outlets including The Tanglewood and the award-winning Copper Horse Restaurant and Cottages at Seamer near Scarborough.
The property comprises a large ground floor trading area and separate function room and can accommodate more than 260 diners at one time. There is a private apartment and large car park within the 1.5 acre site.
Leigh Parsons, Director at Colliers International in Leeds, said:
“The Tanglewood is a stunning business and property in a fantastic strategic location fronting onto one of the busiest roads in the region and within a short drive to the city centre.
“The high reputation of the business is demonstrated by the excellent trading levels and strong growth. The current owners have done a wonderful job in building the business from virtually nothing but realise that a more focussed sector operator is now needed to take the restaurant to the next level and reach its full potential.”